🍁 Assets Under Management (AUM) in Canada

More than $5 trillion in assets in Canada are managed by 18 asset management companies, with RBC, TD, and Manulife ranking as the top three based on their Canadian AUM.

📌 Notes:

1️⃣ Pension funds are not included here, as portions of their assets may be managed by the listed firms.

2️⃣ Many AUM figures in Canada are estimated, as several firms don’t publicly report their Canada-specific AUM.

3️⃣ Great-West Lifeco (Incl. Canada Life) was excluded since its AUM includes advisory assets. Its AUMA totals $1,114B globally and $211B in Canada.

📊 Key Insights:

🔹 Largest in Canada (by AUM within Canada):

• 1️⃣ RBC
• 2️⃣ TD
• 3️⃣ Manulife Financial

🔹 Largest Canadian-Based Asset Managers (Global AUM):

• 1️⃣ Sun Life Financial
• 2️⃣ Brookfield Asset Management (recently moved HQ to New York)
• 3️⃣ RBC

🔹 Largest Foreign Asset Managers Operating in Canada:

• 1️⃣ BlackRock
• 2️⃣ Fidelity
• 3️⃣ Vanguard

(Sorted by AUM within Canada)